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Registration number: 06622205

Domius Group Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Domius Group Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

Domius Group Holdings Limited

Company Information

Director

Mr ID Moncrieff

Company secretary

Mr JP Saynor

Registered office

77 Biggin Street
Dover
Kent
CT16 1BB

 

Domius Group Holdings Limited

(Registration number: 06622205)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

372,258

356,107

Tangible assets

5

5

7

Investments

6

800

800

 

373,063

356,914

Current assets

 

Debtors

28,482

27,705

Cash at bank and in hand

 

74,457

93,725

 

102,939

121,430

Creditors: Amounts falling due within one year

7

(1,555)

(1,569)

Net current assets

 

101,384

119,861

Net assets

 

474,447

476,775

Capital and reserves

 

Called up share capital

8

1,274

1,274

Share premium reserve

559,626

559,626

Retained earnings

(86,453)

(84,125)

Shareholders' funds

 

474,447

476,775

 

Domius Group Holdings Limited

(Registration number: 06622205)
Balance Sheet as at 30 June 2023 (continued)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2024
 

.........................................
Mr ID Moncrieff
Director

   
     
 

Domius Group Holdings Limited

Statement of Changes in Equity for the Year Ended 30 June 2023

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 July 2022

1,274

559,626

(84,125)

476,775

Loss for the year

-

-

(2,328)

(2,328)

At 30 June 2023

1,274

559,626

(86,453)

474,447

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 July 2021

1,274

559,626

(87,744)

473,156

Profit for the year

-

-

3,619

3,619

At 30 June 2022

1,274

559,626

(84,125)

476,775

 

Domius Group Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

Domius Group Holding Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06622205 and registered office address is as follows:


77 Biggin Street
Dover
Kent
CT16 1BB
 

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company’s ability to continue as a going concern.

 

Domius Group Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Judgements

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

- Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Computer software

20% straight line

 

Domius Group Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. if a reliable estimate of the useful like cannot be made, the useful life shall not exceed ten years.

Development costs

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs will be amortised on a straight line basis over their useful economic lives, when the development is complete and the new technology is being marketed for sale.

It is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Domius Group Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Companies a legal or constructive obligation, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision in the Balance sheet.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Domius Group Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

4

Intangible assets

Development Assets
£

Total
£

Cost or valuation

At 1 July 2022

356,107

356,107

Additions internally developed

16,151

16,151

At 30 June 2023

372,258

372,258

Amortisation

Carrying amount

At 30 June 2023

372,258

372,258

At 30 June 2022

356,107

356,107

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2022

216

4,500

4,716

At 30 June 2023

216

4,500

4,716

Depreciation

At 1 July 2022

209

4,500

4,709

Charge for the year

2

-

2

At 30 June 2023

211

4,500

4,711

Carrying amount

At 30 June 2023

5

-

5

At 30 June 2022

7

-

7

 

Domius Group Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

6

Investments

2023
£

2022
£

Investments in subsidiaries

800

800

Subsidiaries

£

Cost or valuation

At 1 July 2022

800

Provision

Carrying amount

At 30 June 2023

800

At 30 June 2022

800

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

754

769

Other creditors

801

800

1,555

1,569

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1,274

1,274

1,274

1,274